Bitcoin, Ether inch up; Shiba Inu leads rise across top 10 cryptos

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Bit­coin and Ether inched up in Asian trad­ing on Thurs­day after­noon, with Shi­ba Inu lead­ing gains across most top 10 non-sta­ble­coin cryp­tocur­ren­cies.
See relat­ed arti­cle: Mar­kets: Bit­coin, Ether drop as SEC’s Gensler says cryp­to firms run­ning out of time to com­ply with secu­ri­ties laws

Fast facts

  • Bit­coin rose 0.31% over the past 24 hours and was trad­ing at US$16,830 by 4:30 p.m. in Hong Kong, and Ether inched up 0.38% to US$1,233, accord­ing to Coin­Mar­ket­Cap.
  • Shi­ba Inu gained 2.12% to US$0.000009209, pos­si­bly from upbeat mar­ket sen­ti­ment ahead of its Meta­verse event on Friday.
  • Poly­gon increased 1.77% to US$0.8958, after it announced on Wednes­day that it will part­ner blockchain-based e‑commerce plat­form LGND and Warn­er Music Group to estab­lish an NFT music platform.
  • Lite­coin dropped 1.83% to US$75.57. Lite­coin has been on a decline after it rose to a six-month high on Dec. 3.
  • Asia mar­kets were mixed fol­low­ing Wall Street’s retreat overnight. The Nikkei 225 dropped 0.4%, the Shang­hai Com­pos­ite Index inched down 0.071%, while Hong Kong’s Hang Seng Index gained 3.38%.
  • Hong Kong local media Wen Wei Po and Sing Tao Dai­ly have report­ed that the Hong Kong gov­ern­ment is dis­cussing fur­ther relax­ations to Covid-19 restric­tions, includ­ing reduc­ing the quar­an­tine dura­tion, scrap­ping Covid test require­ments for entry and mask orders in out­door places.

See relat­ed arti­cle: FTX fail­ure a ‘wake-up call’ for secu­ri­ty, says for­mer Mt Gox CEO, Mark Karpeles



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